Audited Financial Results (Standalone) of the Company under Indian Accounting Standard (Ind-AS) for the financial year ended on March 31, 2025
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Awaiting price reaction for this filing.
Tasty Dairy Specialities reported audited FY25 results with a net loss of approximately ₹974 lakhs, against a profit in the previous year. Total income for FY25 was around ₹40,010 lakhs, but total expenses of about ₹40,326 lakhs pushed the company into a pre-tax loss. Net worth has turned deeply negative at around ₹(2,973) lakhs. The auditor (AKGSR & Co.) issued a qualified opinion, flagging multiple concerns: non-compliance with Ind AS, unreconciled debtors/creditors, frozen bank accounts since November 2023, SARFAESI recovery proceedings (NCLT/DRT), and a bank having already sold hypothecated property worth ₹9.81 crore. The company ceased manufacturing in the last quarter and is routing all banking through related parties. Net operating cash flow remained positive at ₹970 lakhs but loan repayments defaulted.
Severely negative — the qualified audit opinion, explicit going-concern doubt, negative net worth, frozen bank accounts, and active SARFAESI/litigation proceedings point to serious solvency risk for shareholders. The stock is likely to remain under significant pressure and faces material risk of restructuring, NCLT resolution, or dilution.